Financial Reporting Council Archives

Grasping the Nettle – It’s now or never for auditors

By Emile Woolf

Every time a corporate reporting clanger is dropped and auditors of a public company are mired in yet another scandal, the Financial Reporting Council responds by undertaking to investigate the accounts and audit of the plc in question. What’s really going on?

HBOS, KPMG & FRC: a trio mired in scandal

By Emile Woolf

How much credence can shareholders of public companies safely attach to financial statements that carry a “true and fair” imprimatur from their auditors? Big-4 firms hold the lion’s share of public company audit appointments, yet they are regularly found to have issued “clean” reports on accounts that grossly misrepresent the results and financial position of client companies, causing severe damage to shareholders’ interests.

Latest Articles

Rising Tides

You only have to experience the futility of a climate breakdown debate to understand how disconnected human beings have become from nature. When it comes to the natural world our human superiority complex prevents us really connecting with the very thing that sustains us. Like the Amazon, the irony burns. So we need a rethink.

What’s So Great About “Free Trade”?

Those leading the anti-EU, pro-Brexit charge want Britain to sign “free trade” deals with the US and growing economies. What they don’t tell you is that the very EU policies they claim to oppose are cut-and-paste into “free trade” deals outside the EU. Tim Coles explains that “free trade”, EU or non-EU, is bad for working people: and we have NAFTA as a historical model to prove it.

Sunset On The West?

The rise of China and other emerging economies isn't a new phenomenon. So the tectonic plates of trade shift and global economic power twists and turns. Dr. Lee Jones and Mitch Feierstein met up with Renegade Inc. to consider what the transition from a unipolar western hegemony to an interconnected multipolar world really looks like.